The Erie Canal Was an Important Aspect of the Transportation

question 38

Multiple Choice

The Erie Canal was an important aspect of the transportation revolution in all of the following ways except

• A) aiding in the growth of New York City as a major economic hub.
• B) moving goods faster, more cheaply, and more efficiently.
• C) encouraging other states to invest in transportation networks.
• D) linking the eastern states with those in the South.
• E) encouraging the nation's farmers to specialize.

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Definitions:

Direct Labor

The cost associated with the work of employees directly involved in the production of goods or services.

Departmental Overhead Rate Method

A costing method that calculates different overhead rates for each department within a factory, based on each department's specific operational costs.

Overhead Rate

A calculation used to allocate indirect costs to produced goods based on a certain measure, like labor hours or machine hours.

Allocation Base

A criterion or standard used to distribute costs among different cost objects, such as departments or products.